CARDIO CONTROL
ActiveSummary
The computed 12-month bankruptcy probability of CARDIO CONTROL is 3.0% (moderate). The 2024 annual accounts show negative equity (-€521,355) and a net result of -€25,979. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 26043 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.18 in 2023; short-term debt: 528% and cash: 1.6% of total assets), and equity is negative.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-428%
Return on assets
-21.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920222324
2018 to 2024 · latest year -€521,355
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
71 d late
2022
74 d late
2020
128 d late
2019
105 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 87 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Equity
-€521,355▼ 5.2%
2023 · -€495,376
Total assets
€121,801▼ 0.7%
2023 · €122,646
Net result
-€25,979▲ 46.1%
2023 · -€48,178
Working capital
-€528,210▼ 4.8%
2023 · -€503,879
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202220232024
Operating result-€55,001▼ 161%-€55,813▼ 1.5%-€24,114--€47,418▼ 96.6%-€25,564▲ 46.1%
Net result-€55,480▼ 157%-€56,492below the sector's middle half▼ 1.8%-€24,531below the sector's middle half--€48,178below the sector's middle half▼ 96.4%-€25,979below the sector's middle half▲ 46.1%
Equity-€305,064▼ 22.2%-€373,557below the sector's middle half▼ 22.5%-€447,197below the sector's middle half--€495,376below the sector's middle half▼ 10.8%-€521,355below the sector's middle half▼ 5.2%
Total assets€157,495▲ 39.0%€132,837within the sector's middle half▼ 15.7%€406,507above the sector's middle half-€122,646within the sector's middle half▼ 69.8%€121,801within the sector's middle half▼ 0.7%
Debt€462,559▲ 27.5%€506,393▲ 9.5%€853,704-€618,022▼ 27.6%€643,156▲ 4.1%
Working capital-€387,388▼ 33.2%-€433,174below the sector's middle half▼ 11.8%-€473,084below the sector's middle half--€503,879below the sector's middle half▼ 6.5%-€528,210below the sector's middle half▼ 4.8%
Solvency-193.7%▲ 26.6pp-281.2%below the sector's middle half▼ 87.5pp-110.0%below the sector's middle half--403.9%below the sector's middle half▼ 293.9pp-428.0%below the sector's middle half▼ 24.1pp
Current ratio0.16▼ 0.040.14below the sector's middle half▼ 0.020.45below the sector's middle half-0.18below the sector's middle half▼ 0.260.18below the sector's middle half▼ 0.01
Return on assets (ROA)-35.2%▼ 16.2pp-42.5%below the sector's middle half▼ 7.3pp-6.0%below the sector's middle half--39.3%below the sector's middle half▼ 33.2pp-21.3%below the sector's middle half▲ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,564 in 2024 against €47,418 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121,801
Fixed assets
€6,855 ▼ 19.4%
Current assets
€114,946 ▲ 0.7%
Key figures and ratios
EBITDA
-€21,609▲
2023 · -€30,034
Cash flow
-€22,024▲
2023 · -€30,795
Debt to equity
-1.23▲
2023 · -1.25
Interest coverage
-61.04▼
2023 · -36.79
Debt ≤ 1 year
€643,156▲
2023 · €618,022
Income taxes
€62▼
2023 · €65
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,622 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,180 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,940 | €22,706 | €20,547 | €17,383 | €3,955 | ▼ 77.2% |
| Other operating charges640/8 | - | - | €1,349 | €502 | €313 | ▼ 37.6% |
| Gross operating margin9900 | -€24,079 | -€24,672 | €1,961 | -€29,533 | -€21,296 | ▲ 27.9% |
| Operating profit (loss)9901 | -€55,001 | -€55,813 | -€24,114 | -€47,418 | -€25,564 | ▲ 46.1% |
| Financial income75/76B | - | - | €3 | €121 | - | - |
| Recurring financial income75 | €1 | - | €3 | €121 | - | - |
| Financial charges65/66B | - | - | €349 | €816 | €354 | ▼ 56.6% |
| Recurring financial charges65 | €231 | €488 | €349 | €816 | €354 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | -€55,231 | -€56,302 | -€24,461 | -€48,113 | -€25,918 | ▲ 46.1% |
| Income taxes67/77 | €249 | €190 | €70 | €65 | €62 | ▼ 5.8% |
| Profit (loss) for the period9904 | -€55,480 | -€56,492 | -€24,531 | -€48,178 | -€25,979 | ▲ 46.1% |
| Profit (loss) for the period to be appropriated9905 | -€55,480 | -€56,492 | -€24,531 | -€48,178 | -€25,979 | ▲ 46.1% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,495 | €132,837 | €406,507 | €122,646 | €121,801 | ▼ 0.7% |
| Fixed assets21/28 | €82,324 | €59,618 | €25,887 | €8,504 | €6,855 | ▼ 19.4% |
| Tangible fixed assets22/27 | €82,324 | €59,618 | €25,887 | €8,504 | €6,855 | ▼ 19.4% |
| Land and buildings22 | - | - | €3,373 | €1,687 | €1,930 | ▲ 14.4% |
| Plant, machinery and equipment23 | - | - | €9,727 | €6,817 | €4,925 | ▼ 27.8% |
| Furniture and vehicles24 | - | - | €12,787 | - | - | - |
| Current assets29/58 | €75,171 | €73,219 | €380,620 | €114,142 | €114,946 | ▲ 0.7% |
| Amounts receivable within one year40/41 | €72,004 | €71,463 | €113,733 | €112,019 | €112,583 | ▲ 0.5% |
| Trade receivables40 | - | - | €111,463 | €111,463 | €111,463 | = |
| Other amounts receivable41 | - | - | €2,271 | €557 | €1,121 | ▲ 101% |
| Cash at bank and in hand54/58 | €3,167 | €1,124 | €266,312 | €1,763 | €1,910 | ▲ 8.3% |
| Deferred charges and accrued income490/1 | - | - | €574 | €359 | €453 | ▲ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,495 | €132,837 | €406,507 | €122,646 | €121,801 | ▼ 0.7% |
| Equity10/15 | -€305,064 | -€373,557 | -€447,197 | -€495,376 | -€521,355 | ▼ 5.2% |
| Contributions10/11 | €354,000 | €354,000 | €354,000 | €354,000 | €354,000 | = |
| Capital10 | - | - | €354,000 | €354,000 | €354,000 | = |
| Issued capital100 | - | - | €354,000 | €354,000 | €354,000 | = |
| Profit (loss) carried forward14 | -€659,064 | -€727,557 | -€801,197 | -€849,376 | -€875,355 | ▼ 3.1% |
| Amounts payable17/49 | €462,559 | €506,393 | €853,704 | €618,022 | €643,156 | ▲ 4.1% |
| Amounts payable within one year42/48 | €462,559 | €506,393 | €853,704 | €618,022 | €643,156 | ▲ 4.1% |
| Trade debts44 | €4,574 | €2,358 | €16,869 | €4,699 | €739 | ▼ 84.3% |
| Suppliers440/4 | - | - | €16,869 | €4,699 | €739 | ▼ 84.3% |
| Taxes, remuneration and social security45 | - | - | €1,377 | €65 | €62 | ▼ 5.8% |
| Taxes450/3 | - | - | €483 | €65 | €62 | ▼ 5.8% |
| Remuneration and social security454/9 | - | - | €893 | - | - | - |
| Other amounts payable47/48 | - | - | €835,458 | €613,257 | €642,355 | ▲ 4.7% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,480 | -€56,492 | -€24,531 | -€48,178 | -€25,979 | ▲ 46.1% |
| + Depreciation and write-downs630 | €22,940 | €22,706 | €20,547 | €17,383 | €3,955 | ▼ 77.2% |
| Operating cash flow (approximation) | -€32,541 | -€33,786 | -€3,984 | -€30,795 | -€22,024 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | -€2,307 | - |
| Change in cash | - | -€2,043 | - | -€264,549 | €147 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
27-06
KBO administration
UBO non-compliance
event 16-06-2025
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 128 days late
2020
31-12
Financial
Weakest financial yearnet -€56,492
Net result drops to -€56,492, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
10-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 132 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2004
Ground area
1.0 ha
Building footprint
679 m²
Volume, LiDAR
3,774 m³
2 parcels, Flanders · tallest building 23.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cardio Control
since 20042.136.106.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0320/00G000 | Flanders | 1.0 ha | 1 · 323 m² | 23.1 m · 2 fl. |
| 11041A0145/00D000 | Flanders | 345 m² | 1 · 356 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,071 companies in sector 47741 we hold annual accounts for 645. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
32500Manufacture of medical and dental instruments and supplies
46460Wholesale of pharmaceutical and medical goods
70200Business and other management consultancy
Contact
Phone
03/685.44.16Schilde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863018007
Also
9925:BE0863018007
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.